Private Trust Co. NA Sells 145 Shares of Costco Wholesale Co. (COST)

Private Trust Co. NA reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,946 shares of the retailer’s stock after selling 145 shares during the period. Private Trust Co. NA’s holdings in Costco Wholesale were worth $2,892,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of COST. Lenox Wealth Management Inc. lifted its holdings in Costco Wholesale by 125.9% during the fourth quarter. Lenox Wealth Management Inc. now owns 122 shares of the retailer’s stock worth $25,000 after acquiring an additional 68 shares in the last quarter. Csenge Advisory Group bought a new position in Costco Wholesale during the third quarter worth about $29,000. ERTS Wealth Advisors LLC bought a new position in Costco Wholesale during the fourth quarter worth about $30,000. Arbor Wealth Management LLC bought a new position in Costco Wholesale during the fourth quarter worth about $33,000. Finally, PRW Wealth Management LLC bought a new position in Costco Wholesale during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 72.22% of the company’s stock.

Several research analysts have weighed in on COST shares. Argus reiterated a “buy” rating and set a $245.00 target price (down from $255.00) on shares of Costco Wholesale in a report on Monday, December 24th. They noted that the move was a valuation call. Bank of America set a $255.00 target price on Costco Wholesale and gave the stock a “buy” rating in a report on Friday, March 8th. BidaskClub lowered Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Friday, January 25th. Zacks Investment Research upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $243.00 target price on the stock in a report on Monday, March 11th. Finally, UBS Group lifted their price target on Costco Wholesale to $280.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $246.57.

NASDAQ:COST opened at $246.33 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.96. The stock has a market capitalization of $106.43 billion, a P/E ratio of 36.07, a P/E/G ratio of 3.44 and a beta of 0.95. Costco Wholesale Co. has a 52-week low of $189.51 and a 52-week high of $247.09.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, March 7th. The retailer reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.34. The business had revenue of $35.40 billion for the quarter. Costco Wholesale had a return on equity of 25.53% and a net margin of 2.34%. During the same period in the prior year, the firm posted $1.59 EPS. On average, analysts anticipate that Costco Wholesale Co. will post 7.9 earnings per share for the current year.

In related news, Director Susan L. Decker sold 2,049 shares of Costco Wholesale stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $232.00, for a total value of $475,368.00. Following the sale, the director now owns 48,589 shares of the company’s stock, valued at $11,272,648. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John W. Meisenbach bought 3,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was bought at an average cost of $242.65 per share, for a total transaction of $727,950.00. Following the transaction, the director now owns 12,833 shares of the company’s stock, valued at approximately $3,113,927.45. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 8,587 shares of company stock worth $2,004,576. 0.21% of the stock is owned by company insiders.

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Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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